VSLR Daily View

Posted by steve on 19th of May 2019 at 07:40 pm

Weekend Newsletter At the start of

Posted by steve on 19th of May 2019 at 01:19 pm

Weekend Newsletter

At the start of last week, the major indexes continued lower on Monday making new short term pullback lows (following increased tariff talk).  After reaching oversold readings on Monday, the market managed to stage a three day rally with prices peaking out mid-day on Thursday before giving up some gains into the close on Friday.  Thus far, the bounce on the major indices has been a normal corrective advance that has failed near at 50-618% Fib retrace as we have outlined on the 60 minute charts.   As you know, we are currently mapping this advance as a wave B bounce following the clean symmetry break on the previous decline.  Unless the SPX can hold and impulse higher, we expect price to come back down and at least retest the 2800 area if not zig zag lower.  For the bulls, we would need to see price hold above 2853 early next week and rally up to new bounce highs.  As always, continue to trade what's in front of you and respect your triggers. 

Enjoy the balance of your weekend,

Steve 

Correct

Quick Look at Australia and Canada

Posted by steve on 19th of May 2019 at 11:43 am

Correct

SPX 60 Updated Mapping View

Posted by steve on 18th of May 2019 at 11:58 am

$SPX - Chart Link - see comments on chart.  Bulls would need to hold above 2853 and rally to new highs for an impulse to negate the current view. 

'US, China trade talks have

Posted by steve on 17th of May 2019 at 03:05 pm

'US, China trade talks have stalled: Sources' -CNBC

JO -  is like Maxwell

JO - needs some caffeine 

Posted by steve on 17th of May 2019 at 02:40 pm

JO -  is like Maxwell House "Good to the Last Drop"

Short EOG Updated View

Posted by steve on 17th of May 2019 at 12:24 pm

ARWR Updated View

Posted by steve on 17th of May 2019 at 11:17 am

ARWR - Chart Link - moved up to initial target (resistance area)

Good Reason to Buy the Dip Early This Morning

Posted by steve on 17th of May 2019 at 11:00 am

Gartman: "We Make An Official Recommendation To Sell Stocks Short This Morning" (at the open)

ADVM Updated View

Posted by steve on 17th of May 2019 at 10:37 am

ADVM - Chart Link - nice move 

TSLA Updated View

Posted by steve on 17th of May 2019 at 10:09 am

TSLA - Chart Link - still in need of a charging station

ES Overnight Range 2854.50-2882.50

Posted by steve on 17th of May 2019 at 08:26 am

ES Overnight Range 2854.50-2882.50

The (1) shown on your chart is definitely not an impulse with wave 4 overlapping wave 1.  Back to the drawing board.

Thursday Newsletter

Posted by steve on 16th of May 2019 at 06:34 pm

Nice Matt - maybe Coffee

DBA follow up

Posted by steve on 16th of May 2019 at 04:14 pm

Nice Matt - maybe Coffee can catch a bounce this year   

AAII Survey

Posted by steve on 16th of May 2019 at 03:19 pm

https://www.aaii.com/sentimentsurvey- big swing from last week (provided fuel for the recent rally)

AAPL Daily View

Posted by steve on 16th of May 2019 at 03:10 pm

AAPL - Chart Link - not making much headway on this recent market rally

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